Here is the former Senator from Arizona Republican Jon Kyl in The Wall Street Journal (where else?) just days before the Republicans are about to take back the Senate PUTTING HIS FOOT IN IT, complaining about the Boehner/Obama tax compromise because in his view it really penalized the middle class. It's almost as if he doesn't want Republicans to win next week:
Most workers’ pay has not kept up with inflation for at least six years. ... Why aren’t wages rising? ... [O]ne factor is often overlooked: the tax increase on “the rich” at the beginning of 2013. How could higher taxes on the top 2% or 3% hurt the middle class? ... When the government takes more, there is less to plow back into the business or invest elsewhere.
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Weren't these tax rates the Bush tax rates? Weren't Republicans trying to get them made permanent for years, without success until Boehner came along? If they were so bad for the middle class, why did Republicans pass them in the first place?
Let's see, when we had these tax rates up through the late financial panic, including the lower capital gains tax rates, the first thing businesses did under them was fire everybody to save their sorry behinds. They didn't care about the workers then, and they sure as hell don't now. Millions have abandoned the workforce as a result and won't be returning.
Meanwhile, the all items CPI is up 8.8% over the last six years, while average hourly earnings of all private employees still working is up 12.75% over the same period. Note to Kyl: please pick a metric which makes your point without contradiction.
And then there's the tax rate he is so upset about, which affects the top 0.42% only, all single filers making in excess of $406,751 in 2014. That top tax bracket now pays a higher capital gains tax rate on long term gains at 20% instead of 15% under the compromise, but for some reason Kyl is too sheepish to mention this is a 33% tax hike. Apparently he's too embarrassed to be that specific, because in terms of individual wage earners in 2013 that might affect just barely 520,000 individuals, who are at the very top of the heap of 155.77 million wage earners.
Way to go, Kyl. Paint the Republicans as the party of the rich. The Democrats must love you because they will be more than happy to claim that wages are up because they raised taxes on the rich.
